Marphy: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Marphy
Largest movements
- Cash +€470,612
up €470,612 (+3433.6%), from €13,706 to €484,318
mainly Current investments (+€450,000) and Depreciation (+€43,303)
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Tangible fixed assets -€43,303
down €43,303 (-6.1%), from €711,395 to €668,092
of which Land and buildings: -€40,029
- Profit (loss) carried forward -€13,687
down €13,687 (-3.4%), from €400,709 to €387,022
- Financial income -€357,698
down €357,698 (-96.7%), from €370,000 to €12,302
of which Non-recurring financial income: -€370,000
- Purchases and services -€72,716
no longer reported in 2025 (was €72,716)
- Turnover -€63,632
no longer reported in 2025 (was €63,632)
- Gross operating margin +€30,772
up €30,772, from -€9,094 to €21,678
- Other operating charges -€20,035
down €20,035 (-67.9%), from €29,523 to €9,488
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,175,617 | €1,152,926 | -€22,691 | -1.9% |
| Fixed assets | 21/28 | €711,911 | €668,608 | -€43,303 | -6.1% |
| Tangible fixed assets | 22/27 | €711,395 | €668,092 | -€43,303 | -6.1% |
| Land and buildings | 22 | €688,479 | €648,450 | -€40,029 | -5.8% |
| Plant, machinery and equipment | 23 | €22,916 | €19,643 | -€3,273 | -14.3% |
| Financial fixed assets | 28 | €516 | €516 | = | 0.0% |
| Current assets | 29/58 | €463,706 | €484,318 | +€20,612 | +4.4% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €13,706 | €484,318 | +€470,612 | +3433.6% |
| Total equity and liabilities | 10/49 | €1,175,617 | €1,152,926 | -€22,691 | -1.9% |
| Equity | 10/15 | €1,157,864 | €1,134,192 | -€23,672 | -2.0% |
| Contributions | 10/11 | €633,500 | €633,500 | = | 0.0% |
| Capital | 10 | €633,500 | €633,500 | = | 0.0% |
| Issued capital | 100 | €633,500 | €633,500 | = | 0.0% |
| Reserves | 13 | €123,655 | €113,670 | -€9,985 | -8.1% |
| Non-distributable reserves | 130/1 | €63,350 | €63,350 | = | 0.0% |
| Legal reserve | 130 | €63,350 | €63,350 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,305 | €50,320 | -€9,985 | -16.6% |
| Profit (loss) carried forward | 14 | €400,709 | €387,022 | -€13,687 | -3.4% |
| Amounts payable | 17/49 | €17,753 | €18,734 | +€981 | +5.5% |
| Amounts payable within one year | 42/48 | €17,753 | €18,734 | +€981 | +5.5% |
| Trade debts | 44 | €4,603 | €338 | -€4,265 | -92.6% |
| Suppliers | 440/4 | €4,603 | €338 | -€4,265 | -92.6% |
| Taxes, remuneration and social security | 45 | €13,150 | €18,395 | +€5,245 | +39.9% |
| Taxes | 450/3 | €13,150 | €14,395 | +€1,245 | +9.5% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Turnover | 70 | €63,632 | - | -€63,632 | |
| Goods, raw materials, services and sundry goods | 60/61 | €72,716 | - | -€72,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,502 | €43,303 | -€3,199 | -6.9% |
| Other operating charges | 640/8 | €29,523 | €9,488 | -€20,035 | -67.9% |
| Non-recurring operating charges | 66A | €674 | - | -€674 | |
| Gross operating margin | 9900 | -€9,094 | €21,678 | +€30,772 | |
| Operating profit (loss) | 9901 | -€85,793 | -€31,113 | +€54,680 | +63.7% |
| Financial income | 75/76B | €370,000 | €12,302 | -€357,698 | -96.7% |
| Recurring financial income | 75 | €370,000 | €12,302 | -€357,698 | -96.7% |
| Non-recurring financial income | 76B | €370,000 | - | -€370,000 | |
| Financial charges | 65/66B | €45 | €75 | +€30 | +66.7% |
| Recurring financial charges | 65 | €45 | €75 | +€30 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | €284,162 | -€18,885 | -€303,047 | |
| Income taxes | 67/77 | €13,000 | €4,786 | -€8,214 | -63.2% |
| Profit (loss) for the period | 9904 | €271,162 | -€23,672 | -€294,834 | |
| Transfer from tax-exempt reserves | 789 | €9,984 | €9,984 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €281,146 | -€13,687 | -€294,833 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.